The first articles about that were traced back by William Sapphire back to the 1970s is a communist in New York Times. So now these leading firms like JP Morgan and Goldman Sachs are considered white shoe firms. Ironically, you know why ironically, it's because they're crappy bankers.
What happens when banks have growth as their priority? With the current instability, what can the public vs private sector debate tell us about our financial institutions?
When leadership is beholden more to shareholders than to their patrons, it can lead to wildly different outcomes regarding the security of their customers’ assets.
This week, Phil and Danielle continue to analyze the recent bank failures and discuss some of their problems with the structure of current financial systems.
For insight into how you can better research your next investment, get your copy of The Value Investing Cheat Sheet: https://bit.ly/3Z8PXdw
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